Understanding the Cruciality of Corporate Change

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Importance of Corporate Change
In order to improve the internal and external functionality the corporate need changes and it is the demand of time (Caetano, 1999). A business firm that does not adopt changes cannot survive long in market (Boston, 2000). Corporate change provides different significant benefits i.e., it improves competitiveness, improves financial performance, enhances employees and customer satisfaction and most important is that it leads corporate towards continuous improvement and sustainability. These are corporate benefits and not every individual in any corporate can get benefits personally from these changes but every individual working in a corporate, usually have common goals and objectives and these changes made …show more content…

Intelligent leaders are those who have a store of skills and knowledge gained from experience that allows them to manage effectively and efficiently the tasks of daily life. Effective leadership is always required to bring effective change (Kennedy, 2000).
The leadership qualities are very important for corporate change because it is most important to handle the resistance, confusion, exploration and commitment of management. There are some predictable behaviours associated with the change stages and the effective leader always perceive these changes in efficient manner and respond appropriately to get the teams commitment. Change leader is always associated with the planned change and constructively deals with the human emotions (Senior & Fleming, …show more content…

The table above highlights the role of corporate leadership and h/her competencies with successful corporate change. The table also defines that these are the most important capabilities and competences which are helpful and useful for corporate change. According to different authors the corporate leadership competences are strongly connected with the successful corporate change, the leadership competences have a great relation with the corporate success and change (Gruban,

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